Singapore-based crypto change big Crypto.com is itemizing a low-cap Ethereum-based hybrid liquidity decentralized change token.
In a brand new announcement, Crypto.com is introducing IDEX (IDEX), previously AuroraDAO, for buying and selling on the corporate’s app.
IDEX is a multi-blockchain decentralized change providing a non-custodial answer for buying and selling digital belongings. The IDEX token is used to safe the community and incentivize platform adoption.
In keeping with the Crypto.com press launch,
“IDEX is the primary Hybrid Liquidity DEX that blends one of the best of centralized and decentralized exchanges, with the efficiency and options of a standard order e-book and the safety and liquidity of an automatic market maker (AMM).
Customers profit from not having to pay extra community prices for putting or canceling orders. Placements are additionally processed in real-time, enabling superior buying and selling.
IDEX is an Ethereum token that powers the IDEX decentralized change. IDEX holders can stake tokens to be able to assist safe the protocol and earn rewards.”
Whereas many new coin listings are inclined to spark rallies, the worth motion of IDEX is barely responding to the information.
IDEX is presently buying and selling for $0.20, down 3.73% within the final 24 hours.
The hybrid decentralized change is the second new token Crypto.com has listed this 12 months after final week’s addition of Oasis Network (ROSE).
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